Common use of Custody of Restricted Stock Clause in Contracts

Custody of Restricted Stock. Certificates representing the Shares of restricted stock awarded to the Employee shall bear appropriate legends noting the restrictions applicable to the Shares. The original certificates shall be held by the Company until such time as the underlying Shares are no longer subject to the risk of forfeiture, retention obligation and securities law restrictions contained in Sections 5, 6 and 8 hereof. The Employee will also provide the Company with a stock power endorsed in blank. At such time as the shares are no longer subject to the risk of forfeiture, retention obligation and securities law restrictions contained in Sections 5, 6 and 8 hereof, the Company will deliver to the Employee original certificates without restrictive legends thereon.

Custody of Restricted Stock. Certificates representing the Shares of restricted stock awarded to the Employee shall bear appropriate legends noting the restrictions applicable to the Shares. The original certificates shall be held by the Company until such time as the underlying Shares are no longer subject to the risk of forfeiture, retention obligation and securities law restrictions contained in Sections 4, 5, 6 and 8 hereof. The Employee will also provide the Company with a stock power endorsed in blank. At such time as the shares are no longer subject to the risk of forfeiture, retention obligation and securities law restrictions contained in Sections 5, 6 and 8 hereof, the Company will deliver to the Employee original certificates without restrictive legends thereon.

Custody of Restricted Stock. Certificates representing the Shares of restricted stock awarded to the Employee shall bear appropriate legends noting the restrictions applicable to the Shares. The original certificates shall be held by the Company until such time as the underlying Shares are no longer subject to the risk of forfeiture, retention obligation forfeiture and securities law restrictions contained in Sections 5, 6 5 and 8 7 hereof. The Employee will also provide the Company with a stock power endorsed in blank. At such time as the shares are no longer subject to the risk of forfeiture, retention obligation forfeiture and securities law restrictions contained in Sections 5, 6 5 and 8 7 hereof, the Company will deliver to the Employee original certificates without restrictive legends thereon.